Insurance rates for most homeowners increase by 5.9%
A 5.9% increase in homeowners' insurance commenced Wednesday for most homeowners in the Triad and
The bureau is an independent group representing insurers writing policies in
The insurance commissioner, however, seldom agrees to a rate anywhere close to the bureau's full request.
For homeowners in
Instead, the 5.9% increase represents a
As part of the agreement, the bureau will not seek another homeowner's rate increase until 2024 at the earliest.
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